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First Active – Two Year Buy-to-Let Fixed Rate

First Active

Two Year Buy-to-Let Fixed Rate

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until March 31, 2008

Fixed rate: 5.24%

Minimum loan: 10,000

Maximum loan: Up to 80% of valuation subject to a maximum of 500,000

Income multiples: Rental income must be 130% of mortgage repayments

Conditions: Capital repayments of 10% a year allowed within fixed-rate period without penalty, thereafter overpayments are unlimited, up to five properties allowed, free basic legal and valuation fees for remortgages

Arrangement fee: 499

Redemption fee: 2% of amount repaid in year one, 1% in year two

Introducers fee: Negotiable up to a maximum of 5,000

Tel: 08459 00 1111

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